Suzuki India put on a strong performance between April and October 2021. This despite tepid times in the first seven months of FY2022 that has seen just about five percent year-on-year growth.
Sales rose by 48 percent during this period, compared to the same period last year. In terms of numbers, that's 3,37,817 units. Clearly, Suzuki is doing something right in a difficult market. This strong performance, not surprisingly, sees Suzuki increase its scooter market share by four percentage points to 14 percent. It is the only manufacturer that has made the maximum market share gains in the period under review. The Access 125 is the company's bestseller.
TVS Motor Co, with sales of 4,79,989 units (up 4 percent) in the first seven months of the ongoing fiscal year, has a 20 percent share of the market. The TVS Jupiter is its lead sales driver followed by the Ntorq. Last month, the company launched the new Jupiter 125, hoping to make inroads into the expanding 125cc scooter market.
Of the total 23,95,104 scooters sold in this period, Honda Motorcycle & Scooter India (HMSI) accounted for 12,15,023 units or 50.73 percent of total sales in India. Its market share has dipped marginally from 51.90 percent a year ago. In FY2021, HMSI had sold a total of 23,28,778 scooters, down 26 percent YoY (FY2020: 31,47,919). The popular Activa, India's best-selling scooter, remains the mainstay of the company.
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Two-wheeler sales drop by 26 percent in October